Enphase Energy Stock Market Value

ENPH Stock  USD 120.98  1.18  0.98%   
Enphase Energy's market value is the price at which a share of Enphase Energy trades on a public exchange. It measures the collective expectations of Enphase Energy investors about its performance. Enphase Energy is trading at 120.98 as of the 29th of March 2024. This is a 0.98 percent increase since the beginning of the trading day. The stock's open price was 119.8.
With this module, you can estimate the performance of a buy and hold strategy of Enphase Energy and determine expected loss or profit from investing in Enphase Energy over a given investment horizon. Check out Enphase Energy Correlation, Enphase Energy Volatility and Enphase Energy Alpha and Beta module to complement your research on Enphase Energy.
For more detail on how to invest in Enphase Stock please use our How to Invest in Enphase Energy guide.
Symbol

Enphase Energy Price To Book Ratio

Is Enphase Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enphase Energy. If investors know Enphase will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enphase Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.87)
Earnings Share
3.08
Revenue Per Share
16.798
Quarterly Revenue Growth
(0.58)
Return On Assets
0.0892
The market value of Enphase Energy is measured differently than its book value, which is the value of Enphase that is recorded on the company's balance sheet. Investors also form their own opinion of Enphase Energy's value that differs from its market value or its book value, called intrinsic value, which is Enphase Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enphase Energy's market value can be influenced by many factors that don't directly affect Enphase Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Enphase Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enphase Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enphase Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Enphase Energy 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Enphase Energy's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Enphase Energy.
0.00
04/04/2023
No Change 0.00  0.0 
In 11 months and 26 days
03/29/2024
0.00
If you would invest  0.00  in Enphase Energy on April 4, 2023 and sell it all today you would earn a total of 0.00 from holding Enphase Energy or generate 0.0% return on investment in Enphase Energy over 360 days. Enphase Energy is related to or competes with Sunnova Energy, Nextracker, Sunrun, and Emeren. Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions f... More

Enphase Energy Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Enphase Energy's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Enphase Energy upside and downside potential and time the market with a certain degree of confidence.

Enphase Energy Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Enphase Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enphase Energy's standard deviation. In reality, there are many statistical measures that can use Enphase Energy historical prices to predict the future Enphase Energy's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enphase Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
116.98120.98124.98
Details
Intrinsic
Valuation
LowRealHigh
115.04119.04123.04
Details
Naive
Forecast
LowNextHigh
121.43125.43129.42
Details
40 Analysts
Consensus
LowTargetHigh
104.94115.32128.01
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Enphase Energy. Your research has to be compared to or analyzed against Enphase Energy's peers to derive any actionable benefits. When done correctly, Enphase Energy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Enphase Energy.

Enphase Energy Backtested Returns

Enphase Energy secures Sharpe Ratio (or Efficiency) of -0.0139, which denotes the company had a -0.0139% return per unit of risk over the last 3 months. Enphase Energy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enphase Energy's Variance of 15.17, standard deviation of 3.89, and Mean Deviation of 2.89 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.24, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Enphase Energy will likely underperform. Enphase Energy has an expected return of -0.0562%. Please make sure to confirm Enphase Energy potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Enphase Energy performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.1  

Very weak reverse predictability

Enphase Energy has very weak reverse predictability. Overlapping area represents the amount of predictability between Enphase Energy time series from 4th of April 2023 to 1st of October 2023 and 1st of October 2023 to 29th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Enphase Energy price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Enphase Energy price fluctuation can be explain by its past prices.
Correlation Coefficient-0.1
Spearman Rank Test-0.4
Residual Average0.0
Price Variance244.46

Enphase Energy lagged returns against current returns

Autocorrelation, which is Enphase Energy stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Enphase Energy's stock expected returns. We can calculate the autocorrelation of Enphase Energy returns to help us make a trade decision. For example, suppose you find that Enphase Energy has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Enphase Energy regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Enphase Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enphase Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enphase Energy stock over time.
   Current vs Lagged Prices   
       Timeline  

Enphase Energy Lagged Returns

When evaluating Enphase Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enphase Energy stock have on its future price. Enphase Energy autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Enphase Energy autocorrelation shows the relationship between Enphase Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Enphase Energy.
   Regressed Prices   
       Timeline  

Enphase Energy Investors Sentiment

The influence of Enphase Energy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Enphase. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Enphase Energy's public news can be used to forecast risks associated with an investment in Enphase. The trend in average sentiment can be used to explain how an investor holding Enphase can time the market purely based on public headlines and social activities around Enphase Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Enphase Energy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Enphase Energy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Enphase Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Enphase Energy.

Enphase Energy Implied Volatility

    
  59.5  
Enphase Energy's implied volatility exposes the market's sentiment of Enphase Energy stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Enphase Energy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Enphase Energy stock will not fluctuate a lot when Enphase Energy's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Enphase Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Enphase Energy's short interest history, or implied volatility extrapolated from Enphase Energy options trading.

Pair Trading with Enphase Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enphase Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enphase Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Enphase Stock

  0.66STM STMicroelectronics NV ADR Fiscal Quarter End 31st of March 2024 PairCorr
The ability to find closely correlated positions to Enphase Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enphase Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enphase Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enphase Energy to buy it.
The correlation of Enphase Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enphase Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enphase Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enphase Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Enphase Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enphase Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enphase Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enphase Energy Stock:
Check out Enphase Energy Correlation, Enphase Energy Volatility and Enphase Energy Alpha and Beta module to complement your research on Enphase Energy.
For more detail on how to invest in Enphase Stock please use our How to Invest in Enphase Energy guide.
You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Enphase Stock analysis

When running Enphase Energy's price analysis, check to measure Enphase Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enphase Energy is operating at the current time. Most of Enphase Energy's value examination focuses on studying past and present price action to predict the probability of Enphase Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enphase Energy's price. Additionally, you may evaluate how the addition of Enphase Energy to your portfolios can decrease your overall portfolio volatility.
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Enphase Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Enphase Energy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Enphase Energy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...